Covid, Greed and the Super Rich
While Covid-19 has taken a terrible financial toll on millions, thousands have profited like never before! By Frank Vogl, April 28, 2021
Takeaways
Last Saturday, when
The Wall Street Journal devoted a full-page to the wonders of a $4 million Bugatti sports car that goes up to 200 KMH in around 12 seconds, I realized the era of super-excess has truly dawned.
The COVID-19 pandemic has taken a terrible toll on millions of people across the globe, while thousands have prospered as never before.
Super-rich getting richer
Their new wealth has created a manic greed pandemic, hurling caution to the winds and perhaps, leading to a grave crash ahead. Volkswagen Group, owner of the Bugatti brand, may only make 50 of its hyper-vehicles a year, but there could well be orders for far more.
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Sputnik International
UK lobbying scandal balloons
After Greensill collapsed this March, a series of investigations by the
Times and
Financial Times revealed that Cameron had become an advisor for the company in 2018 and tried to use his political and personal connections to secure government financial backing. Cameron reportedly held millions of pounds’ worth of shares in the operation. Founder Lex Greensill had been a special advisor to the Tory government under Cameron, where he used his position to push a policy which benefited his company.
Health Secretary Matt Hancock speaking at a government Covid-19 press conference inside No10 Downing Street (credit: picture by Andrew Parsons/No 10 Downing Street Flickr)